Tanjung Pinang Β· Subsale Market
Straits Residences Subsale β Tanjung Pinang, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Straits Residences is a completed freehold condominium in Tanjung Pinang, Penang, completed in 2021 by Kerjaya Prospek Property Sdn. Bhd.. It has 246 units. It launched from around RM 1M in 2016 β that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at September 2026 β Developer launch prices basis. Last checked 2026-07-20. A negotiation floor, not what it trades at today.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 800 | RM1M | RM1,200 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Straits Residences subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Tanjung Pinang's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Straits Residences.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Straits Residences is priced within Tanjung Pinang
At roughly RM1200 psf, Straits Residences sits mid-band for Tanjung Pinang (RM575β1696 psf). This is the range where unit-specific factors β floor, view, renovation, facing β matter more than the address itself when you negotiate.
Building age
5 years
Completed 2021
This band is derived from the 4 tracked condo projects we hold PSF data for in Tanjung Pinang β indicative only, not a published transaction range. Compare against the Penang Price Index for areas with fuller benchmark data. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
Before you sign at Straits Residences β the commercial-title checks
- 1.Utility tariff in practice β Commercial title usually means commercial TNB and water rates. Ask current owners what they actually pay monthly, not what the brochure implies.
- 2.Financing margin β Some banks cap loan-to-value lower on commercial-title residential units. Get an in-principle approval before you pay a booking fee.
- 3.Short-stay house rules β Serviced-apartment does not automatically mean Airbnb is allowed. Read the current house rules β management can and does restrict short-stay letting.
- 4.Resale buyer pool β Commercial title narrows who can buy from you later. Make sure the entry price reflects that, not just the location.
- 5.Maintenance rate per sq ft β Compare the psf maintenance charge against nearby residential-title blocks. On big units the annual gap is meaningful.
Straits Residences price 2026
What Straits Residences trades at on the sub-sale market, last checked 2026-07-20.
| Asking from | RM1M+ |
| PSF | RM1200 β 1696 |
| Built-up | 800 sqft |
| Completed | 2021 |
| Units | 246 |
Developer launch price. This is what the developer charged at launch, not what the building trades at today. Treat it as a floor for negotiation, not a guide to current value.
The building is 5 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporationβs problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here β the RM1M minimum is cleared. Add the state levy, a flat 8% stamp duty and 3β4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β and if you are near the five-to-six-year line, the date matters more than the price.
Straits Residences for sale & for rent
Looking to buy or rent a unit in Straits Residences? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Straits Residences key facts
- Developer
- Kerjaya Prospek Property Sdn. Bhd.
- Area
- Tanjung Pinang, Penang
- Type
- serviced apartment
- Tenure
- freehold
- Completed
- 2021
- Total units
- 246
- Asking PSF
- RM1200β1696
- Price from
- RM 1M
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Straits Residences:
View full Straits Residences profile βTanjung Pinang β area snapshot
Price range
RM 489K β RM 489K
asking prices in area
Active projects
0
selling or under construction
Subsale condos
1
completed projects
Total tracked
2
properties in this area
Other projects in Tanjung Pinang
Other projects in Tanjung Pinang
The only other project we track here.
Straits Residences subsale β common questions
What is the price of Straits Residences?
Straits Residences runs RM1,000,000 and up. That is the developer launch price, not what the building trades at today. Treat it as a floor for negotiation. That works out to about RM1,200β1,696 per square foot. Checked 2026-07-20.
Is Straits Residences freehold or leasehold?
Straits Residences is freehold. We do not hold the land title class on record β confirm it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Straits Residences?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers. Add a state levy, a flat 8% stamp duty, and 3β4 months for state consent.
When was Straits Residences completed?
Straits Residences completed in 2021, developed by Kerjaya Prospek Property Sdn. Bhd.. Units here trade sub-sale.
How big are the units at Straits Residences?
Built-ups run 800 sq ft. There are 246 units in total.